NewBizBot
Try for Free

Industrial Oils INC

$489,071 PPP Loan in Midland, Texas

Loan Details

Loan Number
2718678404
Date Approved
Feb 4, 2021
Loan Status
Paid in Full
Initial Approval
$489,071
Current Approval
$489,071
Forgiveness Amount
$492,141
Forgiveness Date
Sep 22, 2021
Term
60 months
Draw
Second Draw

Business Information

Business Name
Industrial Oils INC
Address
2 W Industrial Loop
City
Midland
State
Texas
ZIP Code
79701-8519
Business Type
Corporation
Industry (NAICS)
Wholesale Trade (424720)
Business Age
Existing or more than 2 years old
Jobs Reported
33
Estimated Revenue
$8.5M
Rural/Urban
Urban
Congressional District
TX-11

Loan Use Breakdown

Payroll
$489,070
Utilities
$1

Lender Information

Servicing Lender
Southwest Bank
Originating Lender
Southwest Bank

Other PPP Loans in Midland, TX

BusinessApproved
Yellowjacket Oilfield Services, L.l.c.$9,486,850NewBizBotAI Deep Dive
Imperative Chemical Partners, Inc.$8,693,400NewBizBotAI Deep Dive
Energy Services Holdings, LLC$7,349,975NewBizBotAI Deep Dive
The Bosworth Company, Ltd$5,900,000NewBizBotAI Deep Dive
Wildcat Oil Tools, LLC$5,190,800NewBizBotAI Deep Dive

Want to research this company further?

Try NewBizBot free